14
Mar
06:02
Shangang targets half of Shandong steel capacity
Hou Jun, chairman of Shandong Iron & Steel Group, said in an interview with Shandong Finance and Economics that Shangang intends to increase its production capacity to 40 million tonnes/year. This goal is likely to be achieved through the integration and purchase of other steel companies in Shandong, leaving it with around 50% of capacity in the province, Kallanish notes.
Shangang Group subsidiaries Laiwu Steel and Yongfeng Steel currently hav…
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Anonymous
Very good overview of the weekly steel market.
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